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Bitcoin
Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
‘Bitcoin Is A Rocket Ship,’ Says Tech Industry Veteran
Guy Gotslak, President & Co-Founder of crypto investment platform My Digital Money, discusses bitcoin’s next move as it remains in a long-term uptrend. “We might see a little resistance, but I believe long-term, it’s a rocket ship,” Gotslak said. Plus, why he doesn’t think crypto regulation has a significant impact on market activity.
Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates
Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time. CoinDesk's Nate DiCamillo digs into the report and reveals about the outlook for Coinbase and the wider industry. Plus, his insights into the latest Consumer Price Index (CPI) numbers.
'Bitcoin's Going to 7 Figures', Says Crypto Trader
Crypto Trader Scott Melker discusses his bullish outlook for bitcoin as it climbs 20% over the past week, despite some claiming the U.S. Senate's $1 trillion infrastructure bill could be bearish for the crypto markets. "Well, [the] price hasn't reacted bearishly," Melker said. "Bitcoin's going to seven figures. It's going to be a multi-million dollar figure."
Bitcoin Upside Stalls, Lower Support at $38K-$40K
Bitcoin is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to $40,000 support zone. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
AMC Will Soon Accept Bitcoin for Tickets and Concessions
AMC Entertainment Holdings, America's largest movie theater chain, will begin accepting bitcoin payments for tickets and concessions by the end of the year, CEO Adam Aron said on Monday's Q2 earnings call. "The Hash" squad discusses the practicality of AMC embracing crypto and whether it is just a play to appease its online fan community by way of Reddit's Wall Street Bets movement.
Bitcoin Blasts Through $46K as Senate Poised for a Final Vote on $1T Infrastructure Bill
VictoryShares and Solutions President Mannik S. Dhillon discusses his assessment of bitcoin jumping to a three-month high of $46,000 and whether this price rally is likely to sustain, despite some saying the U.S. Senate's $1 trillion infrastructure bill could have disastrous implications for the crypto industry if formally introduced as is. "Bitcoin getting the attention of lawmakers is a great thing for the asset class," Dhillon said.
Sen. Lummis Presents New Amendment to $1T Infrastructure Bill on Senate Floor
Sen. Cynthia Lummis (R-Wyo.) discusses the compromise amendment to a contentious crypto provision in the $1 trillion infrastructure bill she presents on the Senate floor Monday afternoon. “What we tried to do with this amendment is to remove some of the unintended consequences of the definition of “broker,” Lummis said.
What's Next for Bitcoin After Reaching 3-Month High of $46K
Bitcoin is on a tear, rising 7% for the day as it charged toward a three-month high of $46,000, with new data revealing market sentiment is gradually building. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Sam Bankman-Fried on $1T Infrastructure Bill Crypto Impact: 'Clarification Is Going to Be Sacrificed in Order to Get the Bill Moving Forward'
FTX CEO Sam Bankman-Fried discusses why he doesn't think the proposed crypto provision will be amended in the Senate's $1 trillion infrastructure bill and its potential impact on the digital asset industry and the wider U.S. economy. "The way this is headed is that clarification on this is going to be sacrificed in order to get the bill moving forward," he said. Plus, his reading of bitcoin's "surprisingly bullish price movement" as it soared above $45K.
Why Did Bitcoin Surge Above $45K?
Teddy Fusaro, the president of crypto asset manager Bitwise, discusses his analysis and outlook for bitcoin as it rallied above $45,000. Plus, his take on market reactions to the US infrastructure bill. "It doesn't look great for what the short-term results are going to be of the effect of this lobbying effort, but it's impossible to ignore that the cryptocurrency community now has a voice," Fusaro said.